Ethereum News Today: Ethereum Stalls Below $5K as Remittix Gains Multichain Momentum

Ethereum remains locked in a price struggle as it stalls below the $5,000 psychological level, hovering at $4,448 as of July 23, 2025. The broader market is under pressure, with Ethereum-based assets—including ERC-20 tokens—facing downward momentum amid inflation data that has exceeded expectations and delayed hopes for near-term Federal Reserve rate cuts [1]. The failure to breach the $5,000 threshold has triggered profit-taking and limited the potential for sustained bullish movement, despite institutional support and a strong position above the 20-day EMA at $4,573 [1]. Analysts in price prediction markets still assign ETH a 64% chance of reaching $5,000 before the end of the month, while long-term optimism persists, including Standard Chartered’s upgraded $7,500 year-end target [1].

Amid Ethereum’s struggle, Remittix is quietly expanding its footprint, positioning itself as a multichain solution that integrates Ethereum’s security with the scalability of other chains, notably Solana [1]. The project has raised $19.7 million with over 602 million tokens sold, nearing its $20 million presale milestone, which could unlock tier-one exchange listings and significantly boost early investor returns [1]. This expansion is not merely speculative; it is a strategic move to create a global payment infrastructure that offers real-time conversion across 30+ fiat currencies, direct bank transfers with no hidden fees, and enterprise APIs for institutional adoption [1]. Remittix’s deflationary tokenomics and recent CertiK audit further support its credibility as a project addressing real-world financial challenges.

The project’s growing traction is also being amplified by a $250,000 community giveaway, launched just as it approaches the critical $20 million funding target [1]. This timing is strategic, as hitting the milestone would remove the 40% early-bird bonus for new buyers, potentially driving a surge in demand before major exchange listings. The beta version of its wallet, set for release on September 15, 2025, is expected to further accelerate user adoption by enabling instant crypto-to-fiat conversions [1]. This rapid development phase positions Remittix as a disruptive force in the PayFi space, leveraging the strengths of multiple blockchain ecosystems to build a seamless bridge between traditional finance and decentralized networks.

As Ethereum grapples with short-term technical barriers and macroeconomic headwinds, the momentum shifting toward projects like Remittix signals a broader market realignment [1]. The rise of multichain strategies reflects a growing demand for flexibility, lower transaction costs, and faster execution—qualities that Ethereum alone may not currently offer at scale. Investors are increasingly allocating capital to altcoins and DeFi protocols that solve tangible problems rather than rely on speculative momentum. This trend suggests that while Ethereum remains a foundational chain, its dominance in the DeFi and payments sectors is being challenged by agile, multichain-first platforms [1].

[1] Source: [1] Ethereum Struggles To Reclaim $5K As Remittix Quietly Expands Into A Multichain Ecosystem (https://www.livebitcoinnews.com/ethereum-struggles-to-reclaim-5k-as-remittix-quietly-expands-into-a-multichain-ecosystem/)